£1,058,468
This estimated value is based upon the latest sale price for the house of £795,000 on 8 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Queens Park Road, Harold Wood, RM3 0HJ
Phone: 01708954535
Price Paid | Date |
---|---|
£795,000 | 8 Aug 2016 |
£240,000 | 6 Jul 2001 |
Detached |
Freehold |
Floor Area: 183 sq meters or 1,975 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in August 2016 the House Price Index for GREATER LONDON was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £795,000 results in an estimated price of approximately £1,058,468.
8 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 148.6 | 33.141 % | £795,000 | £263,468 | £1,058,468 |
The Postcode Pricing Model uses changes in average sales price within the RM14 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 47.693 % | £379,158 | £1,174,158 |
3 Month Average | -4.226 % | £-33,595 | £761,404 |
6 Month Average | 3.384 % | £26,903 | £821,903 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Jun 2023 | £344,169 | £340,000 | 19 CORNSLAND CLOSE |
9 Mar 2023 | £1,312,364 | £1,300,000 | EMANUEL COTTAGE HALL LANE |
19 Jan 2023 | £363,289 | £365,000 | 23 CORNSLAND CLOSE |
30 Nov 2022 | £459,435 | £465,000 | 5 CORNSLAND CLOSE |
15 Nov 2022 | £2,593,584 | £2,625,000 | HOWARDS FARM TOMKYNS LANE |
This house has a floor area of 183 sq meters or 1,975 sq feet when measured on 19 Mar 2012. Using an estimated price of £1,058,469 means this house is valued at £5,767 per sq meter (£535 per sq foot).
There is one other house on the street which we know the size of, this is HILLTOP WARLEY ROAD it is 112.0